Share this article
NBA Top Shot, CryptoKitties Firm Dapper Labs Raising $250M+ at $2B Valuation: Report
The firm has generated almost $100 million in NFT sales, according to the report.
Updated Sep 14, 2021, 12:11 p.m. Published Feb 13, 2021, 7:05 p.m.
Dapper Labs, responsible for the high-flying digital collectibles platform NBA Top Shot, is raising funds that should net the firm more than $250 million at a valuation of about $2 billion, according to The Block, which cited sources familiar with the deal.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The funding round is being led by Coatue Management, which is led by billionaire investor Philippe Laffont, according to the report. Laffont has previously invested in Airtable, Instacart, Spotify, Bitmain and other well-known companies.
- The blockchain game developer has been on a roll, something the timing of the funding raise clearly reflects, The Block noted. Dapper Labs' NBA Top Shop project is now the most popular nonfungible token (NFT) series by volume after being launched in October 2020.
- The firm has generated almost $100 million in NFT sales, the report said.
- Prior to the rise of NBA Top Shot, Dapper was best known as the creator of CryptoKitties.
Advertisement
Read more: Dapper Labs–USDC Integration Helps NBA Collectibles Game Clear $2M in Revenue Since June
More For You
More For You
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
